The following are the final accounts of Lumix Trading for the year ended 31 December 2019. Lumix Trading Income statement for the year ended 31 December 2019 RM RM Sales 100,000 Less: Return inwards (3,200) Net Sales 96,800 Less: Cost of goods sold Opening inventory 25,000 Purchases 35,000 60,000 Less: Closing inventory (12,000) 48,000 Gross profit Add: Revenue Less: Expenses Net Profit 48,800 6,000 (34,200) 20,600 Lumix Trading Balance sheet as at 31 December 2019 RM RM Current assets Bank Account receivable Inventories 6,000 11,400 12,000 29,400 Property, plant and equipment Total assets 169,000 198,400 Current liabilities 11,400 Owner's equity Capital Add: Net Profit Total liabilities and owner's equity 166,400 20,600 187,000 198,400 Continued... Required: Compute and comment on the following ratios: a) b) c) d) e) f) Gross profit Profit margin Inventory turnover Account Receivable turnover Debt to Asset ratio Current ratio (18 marks)